New estimates of the cost of the BP oil blowout in the Gulf of Mexico have jumped to a staggering $8 billion, up $2 billion in August alone as the company announced it had already paid out almost $400 million in claims to individuals affected by the spill.
As anger grows over the fact that BP's CEO is out watching a yacht race while the Gulf oil blowout festers, a London paper reports that BP is set to raise $50 billion to cover the cleanup costs for the biggest oil spill in U.S. history.
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